Outline
Common PDF Templates
Progressive Insurance Logo Png - Being familiar with your insurance card can enhance your confidence on the road.
When entering into business arrangements, having a solid Non-disclosure Agreement template can be pivotal for protecting your interests. This vital document aids in maintaining confidentiality and outlines obligations clearly, ensuring that sensitive information does not fall into the wrong hands. For those interested in learning more, a helpful resource is available at this key Non-disclosure Agreement guide.
Apply for License - The form includes sections for different types of licenses and purposes.
Texas residential property affidavit T-47 Sample
(MAY BE MODIFIED AS APPROPRIATE FOR COMMERCIAL TRANSACTIONS)
Date:___________________________________ GF No.___________________________________
Name of Affiant(s):__________________________________________________________________
Address of Affiant:___________________________________________________________________
Description of Property:_______________________________________________________________
County__________________________________ , Texas
"Title Company" as used herein is the Title Insurance Company whose policy of title insurance is issued in reliance upon the statements contained herein.
Before me, the undersigned notary for the State of ________________, personally appeared Affiant(s) who after by
me being sworn, stated:
1.We are the owners of the Property. (Or state other basis for knowledge by Affiant(s) of the Property, such as lease, management, neighbor, etc. For example, “Affiant is the manager of the Property for the record title owners.”)
2.We are familiar with the property and the improvements located on the Property.
3.We are closing a transaction requiring title insurance and the proposed insured owner or lender has requested area and boundary coverage in the title insurance policy(ies) to be issued in this transaction. We understand that the Title Company may make exceptions to the coverage of the title insurance as Title Company may deem appropriate. We understand that the owner of the property, if the current transaction is a sale, may request a similar amendment to the area and boundary coverage in the Owner’s Policy of Title Insurance upon payment of the promulgated premium.
4.To the best of our actual knowledge and belief, since _______________________________ there have been no:
a.construction projects such as new structures, additional buildings, rooms, garages, swimming pools or other permanent improvements or fixtures;
b.changes in the location of boundary fences or boundary walls;
c.construction projects on immediately adjoining property(ies) which encroach on the Property;
d.conveyances, replattings, easement grants and/or easement dedications (such as a utility line) by any party affecting the Property.
EXCEPT for the following (If None, Insert “None” Below:)
5.We understand that Title Company is relying on the truthfulness of the statements made in this affidavit to provide the area and boundary coverage and upon the evidence of the existing real property survey of the Property. This Affidavit is not made for the benefit of any other parties and this Affidavit does not constitute a warranty or guarantee of the location of improvements.
6.We understand that we have no liability to Title Company that will issue the policy(ies) should the
information in this Affidavit be incorrect other than information that we personally know to be incorrect and which we do not disclose to the Title Company.
_________________________________________
_________________________________________
SWORN AND SUBSCRIBED this ______ day of __________________, 20_______.
_______________________________________
Notary Public
Instructions on Utilizing Texas residential property affidavit T-47
Completing the Texas residential property affidavit T-47 form requires careful attention to detail. Once the form is filled out correctly, it can be submitted to the appropriate authority for processing. Follow these steps to ensure accurate completion.
- Obtain a copy of the T-47 form. This can be found online or at your local county clerk's office.
- Begin by filling in your name and contact information at the top of the form. Ensure all details are accurate.
- Provide the property address for the residential property in question. Include the street address, city, state, and ZIP code.
- Identify the owner of the property. If you are not the owner, include the owner's name and contact information.
- Indicate the type of property ownership. This could be sole ownership, joint ownership, or other relevant types.
- Complete the section that asks for the legal description of the property. This information can typically be found on the property deed or tax records.
- Sign and date the affidavit at the designated area. Ensure that your signature matches the name provided earlier in the form.
- Have the affidavit notarized. A notary public must witness your signature and provide their seal on the document.
- Make copies of the completed and notarized form for your records before submission.
- Submit the form to the appropriate authority, such as the county clerk’s office, either in person or via mail.
Misconceptions
The Texas residential property affidavit T-47 form is often misunderstood. Here are ten common misconceptions about this form and clarifications to help clear up any confusion.
-
Misconception 1: The T-47 form is only for residential properties.
This form is primarily used for residential properties but can also apply to certain types of commercial properties when needed.
-
Misconception 2: The T-47 form is optional for all transactions.
In many cases, lenders require the T-47 form to confirm the property’s condition and ownership before approving a loan.
-
Misconception 3: The form can be filled out by anyone.
Only the property owner or an authorized representative should complete the T-47 form to ensure accuracy and validity.
-
Misconception 4: The T-47 form is the same as a title policy.
The T-47 form is not a title policy; it serves a different purpose related to property conditions and ownership statements.
-
Misconception 5: Once submitted, the T-47 form cannot be changed.
While it is important to provide accurate information initially, corrections can be made if necessary, following proper procedures.
-
Misconception 6: The T-47 form is only needed for sales transactions.
The form can also be required for refinancing or other types of property transfers, not just sales.
-
Misconception 7: Completing the T-47 form guarantees loan approval.
While the form is important, it does not guarantee that a lender will approve a loan. Other factors are also considered.
-
Misconception 8: The T-47 form is a public document.
The T-47 form is not typically a public document and is usually kept confidential between the parties involved in the transaction.
-
Misconception 9: The T-47 form can be submitted at any time.
It is best to submit the T-47 form as part of the loan application process or during the closing process to avoid delays.
-
Misconception 10: All lenders accept the T-47 form.
Not all lenders may accept the T-47 form. It is important to check with the specific lender regarding their requirements.
Understanding these misconceptions can help property owners navigate the process more effectively and ensure they meet all necessary requirements when dealing with the T-47 form.
Documents used along the form
The Texas residential property affidavit T-47 form is often accompanied by several other important documents. These documents help clarify property ownership, establish boundaries, and provide essential information for buyers and sellers. Below is a list of commonly used forms that may be relevant in conjunction with the T-47.
- Deed: This document transfers ownership of the property from the seller to the buyer. It includes details about the property and the parties involved in the transaction.
- Title Commitment: This is a report from a title company that outlines the current status of the property's title. It identifies any liens, easements, or other claims against the property.
- Power of Attorney: This document is essential for designating an individual to make decisions on your behalf. To understand more about this legal form, visit All Washington Forms.
- Survey: A survey provides a detailed map of the property, showing boundaries, structures, and any encroachments. It is crucial for confirming property lines and identifying any potential disputes.
- Closing Statement: This document summarizes the financial aspects of the transaction, including the purchase price, closing costs, and any adjustments. It is reviewed and signed at the closing meeting.
- Property Disclosure Statement: This form requires the seller to disclose any known issues with the property, such as repairs needed or past damages. It helps protect buyers by ensuring they are informed about the property's condition.
Understanding these documents can significantly enhance the property transaction process. Each plays a vital role in ensuring clarity and protecting the interests of all parties involved.